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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.60 levels whereas resistance is placed at 83.00 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 90.00 levels whereas resistance is placed at 90.40 levels. The pair is expected to find resistance at higher level and trade weak below 90.00 level up to 89.80 and 89.60 levels

* The GBP/INR futures pair has support at 104.60 levels whereas resistance is placed at 105.10 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 56.90 levels whereas resistance is placed at 57.20 levels. The pair is expected to find support at lower level and trade firm above 57.20 level up to 57.30 and 57.40 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 56.90 level should be taken as buying opportunity targeting 57.20 –57.30 levels on higher side

* For Intraday session, it has support at 56.90 – 56.80 levels whereas resistance is placed at 57.20 – 57.30 levels

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